Miami Man Charged in $40M Ponzi Scheme

Pablo Silverio Rebollido, a 47-year-old Miami man, has been charged with running a Ponzi scheme through his company, E-Card Lending, which purportedly provided merchant cash advances to small businesses. Federal prosecutors allege that from August 2019 to February 2024, Rebollido solicited over $50 million from more than 70 investors under false pretenses, promising regular monthly returns while actually using new investor funds to pay off earlier investors and fund his lavish lifestyle. The scheme resulted in losses exceeding $40 million. Authorities have set up a website through the FBI to identify potential victims. Rebollido is scheduled for an initial court appearance on April 11 and faces up to 20 years in prison if convicted. The charges against him are still accusations, and he is presumed innocent until proven guilty.